Patient Access Solutions (Patient Access Solutions) Inventory Turnover : 1.90 (As of Jul. 2008)

View and export this data going back to 2007. Start your Free Trial

What is Patient Access Solutions Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Patient Access Solutions's Cost of Goods Sold for the three months ended in Jul. 2008 was $0.06 Mil. Patient Access Solutions's Average Total Inventories for the quarter that ended in Jul. 2008 was $0.03 Mil. Patient Access Solutions's Inventory Turnover for the quarter that ended in Jul. 2008 was 1.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Patient Access Solutions's Days Inventory for the three months ended in Jul. 2008 was 48.03.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Patient Access Solutions's Inventory-to-Revenue for the quarter that ended in Jul. 2008 was 0.30.

Patient Access Solutions Inventory Turnover Historical Data

The historical data trend for Patient Access Solutions's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Patient Access Solutions Inventory Turnover Chart

Patient Access Solutions Annual Data

Trend

Oct06

Oct07

Oct08

Inventory Turnover

Patient Access Solutions Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	0.95	1.90

Patient Access Solutions Inventory Turnover Calculation

Patient Access Solutions's Inventory Turnover for the fiscal year that ended in Oct. 2008 is calculated as

	Inventory Turnover (A: Oct. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2008 )	/ (	(Total Inventories (A: Oct. 2007 )	+	Total Inventories (A: Oct. 2008 ))	/	count )
=	0	/ (	(0	+	0.041)	/	1 )
=	0	/	0.041
=	0.00

Patient Access Solutions's Inventory Turnover for the quarter that ended in Jul. 2008 is calculated as

	Inventory Turnover (Q: Jul. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2008 )	/ (	(Total Inventories (Q: Apr. 2008 )	+	Total Inventories (Q: Jul. 2008 ))	/	count )
=	0.057	/ (	(0.019	+	0.041)	/	2 )
=	0.057	/	0.03
=	1.90

Patient Access Solutions (OTCPK:PASO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Patient Access Solutions's Days Inventory for the three months ended in Jul. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2008 )	/	Cost of Goods Sold (Q: Jul. 2008 )	*	Days in Period
	=	0.03	/	0.057	*	365 / 4
	=	48.03

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Patient Access Solutions's Inventory to Revenue for the quarter that ended in Jul. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2008 )	/	Revenue (Q: Jul. 2008 )
	=	0.03	/	0.1
	=	0.30

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Patient Access Solutions Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Patient Access Solutions's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Patient Access Solutions (Patient Access Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725

Website

http://www.pashealth.com

Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

From GuruFocus

Patient Access Solutions Inc. Issues Statement Regarding OTC Status and Trading Activity

By Marketwired Marketwired • 01-28-2019